Free Trial

Auxier Asset Management Has $811,000 Stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Warner Bros. Discovery logo with Consumer Discretionary background

Auxier Asset Management lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,693 shares of the company's stock after selling 65,143 shares during the period. Auxier Asset Management's holdings in Warner Bros. Discovery were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WBD. Norges Bank bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $362,210,000. Contrarius Group Holdings Ltd bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $168,930,000. FMR LLC boosted its stake in shares of Warner Bros. Discovery by 478.5% in the fourth quarter. FMR LLC now owns 14,278,600 shares of the company's stock valued at $150,925,000 after buying an additional 11,810,191 shares during the period. Slate Path Capital LP boosted its stake in shares of Warner Bros. Discovery by 36.6% in the fourth quarter. Slate Path Capital LP now owns 23,801,000 shares of the company's stock valued at $251,577,000 after buying an additional 6,381,000 shares during the period. Finally, Sachem Head Capital Management LP bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $64,847,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Price Performance

Shares of NASDAQ:WBD traded up $0.47 during trading on Wednesday, hitting $10.02. 59,135,387 shares of the company were exchanged, compared to its average volume of 33,388,391. The business's 50 day moving average is $9.00 and its 200-day moving average is $9.92. The company has a market capitalization of $24.60 billion, a P/E ratio of -2.19, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. Warner Bros. Discovery, Inc. has a 1-year low of $6.64 and a 1-year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.40) earnings per share. Equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current year.

Analyst Ratings Changes

WBD has been the subject of several recent research reports. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. KeyCorp cut their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Barclays boosted their price objective on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a research report on Tuesday, May 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.22.

Get Our Latest Stock Report on WBD

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the transaction, the director now owns 159,932 shares of the company's stock, valued at $1,824,824.12. The trade was a 12.17% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company's stock.

About Warner Bros. Discovery

(Free Report)

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.

Featured Articles

Institutional Ownership by Quarter for Warner Bros. Discovery (NASDAQ:WBD)

Should You Invest $1,000 in Warner Bros. Discovery Right Now?

Before you consider Warner Bros. Discovery, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warner Bros. Discovery wasn't on the list.

While Warner Bros. Discovery currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines